Crestmark secured a total of $11.15 million in financial solutions for six new clients in the second half of February.

• A $400,000 accounts receivable purchase facility was provided on Feb. 18 to a trucking company in Texas. The financing will be used for working capital purposes.
• On Feb. 18, a $2,000,000 traditional factoring facility was provided to a textile importer in Florida. The financing will be used for working capital purposes.
• A $500,000 accounts receivable purchase facility was provided on Feb. 19 to a school bus and motor coach transportation company in Michigan. The financing will be used to pay off a previous lender and for working capital purposes.
• On Feb. 25, a $500,000 traditional factoring facility was provided to a manufacturer of women’s knit apparel in New York. The financing will be used for working capital purposes. 
• A $750,000 ledgered line of credit facility was provided on Feb. 26 to a rope and chain sling manufacturer in Louisiana. The financing will be used to pay off a previous lender and for working capital purposes.
• On Feb. 29, a $7,000,000 accounts receivable purchase facility was provided to a manufacturer of automotive acoustic systems in Michigan. The financing will be used for working capital purposes.

Crestmark is an FDIC-insured bank that provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, government contractors, apparel/footwear/furniture distribution/manufacturing, hospitality/hotels, insurance agencies, and technology hardware/software. Headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, New York, and Illinois; and representatives nationwide.